Daily Global Market Update
Pound's Slight Uplift
The Pound-Dollar pair witnessed a modest increase of 0.2% in the previous session. The Williams Percent Range indicator is currently indicating a bullish trend.
Bitcoin's Decline
Bitcoin experienced a significant drop of 3.5% against the dollar in the last session. The MACD indicator is presenting a bearish signal.
Oil's Surge
The Oil-Dollar pair saw an impressive gain of 1.4% in the recent session. The Williams Percent Range indicator is showing a bullish signal.
Aussie's Modest Gains
The Australian Dollar recorded a 0.3% rise against the US Dollar in the last session. The Moving Average Convergence Divergence (MACD) is signaling a bearish trend.
Global Financial News
In 2023, an estimated $24.2 billion in cryptocurrencies was transferred to illicit wallets, including those sanctioned or linked to terrorist financing and scams, according to Chainalysis. European markets saw a rise, with the Stoxx 600 index climbing 0.57%, as investors focused on the World Economic Forum in Davos, Switzerland. Oil prices increased amidst OPEC's forecast of strong global demand and geopolitical tensions affecting US oil production.
Upcoming Economic Events
Here's a summary of key economic releases:
• US Existing Home Sales - 1500 hours GMT
• UK Retail Sales - 0700 hours GMT
• Japan's Tertiary Industry Index - 0430 GMT
• US Michigan Consumer Sentiment Index - 1500 hours GMT
• Germany's Producer Price Index - 0700 hours GMT
• UK's CFTC GBP NC Net Positions - 2030 hours GMT
Greenback at Risk
Pound shines as strong data limits room for BoE’s rate cut
Dollar’s recovery proves short lived as fiscal worries prevail
EUR/USD Could Climb as Dollar Faces Mounting Risks
Crypto Climbs Back to January Highs
USDCAD bounce proves unsustainable
ETHUSD Analysis: Be Wary of the Upper Suppression
